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Kim_Gatley
Kim Gatley
Sr. Vice President
& Director of Research
NAI REOC Austin
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Cedar Park Regional building sold

 

Cedar Park MOB

Duke Realty acquired a four-story medical office building on the campus of the Cedar Park Regional Medical Center.  The purchase price of the 83,383-square-foot building was not disclosed.

The acquisition brings Indianapolis-based company’s holding in the Austin area to more than 180,000 square feet of medical office space, and its total Texas portfolio to nearly 1.2 million square feet.

Click to read full article: Cedar Park Regional building sold (Austin Business Journal, 1-27-12) and Duke Realty press release.

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Live Oak-Gottesman buys NW buys NW Austin shopping center

The Shops at Ladera Bend

Live Oak-Gottesman LLC purchased The Shops at Ladera Bend (7300 RM 2222) in Northwest Austin from Wells Fargo on Friday for an undisclosed amount.

Live Oak-Gottesman plans to lease and manage the property. Retail spaces ranging from around 1,050 square feet to 13,000 square feet are available for lease. Current tenants include Collins Endodontics and Anytime Fitness. 

Click to read full article: Live Oak-Gottesman buys NW Austin shopping center (Austin Business Journal, 1-17-12)

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Austin's 15 biggest commercial transactions of 2011

Over $150 million changed hands in the Austin area over the past year for ranches, buildings and lots, according to public record.

The Austin Business Journal recently released a list of the top 15 commercial deeds recorded in the Austin area.  Three of those deeds were in Travis County. The biggest deal was a $31 million purchase of over 5,000 acres in Hays County.

•No. 1: Needmore Ranch II Ltd. bought 5,041 acres in Hays County from New Blanco River Ranch for $31.5 million. …Read Entire Post

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NAI REOC Austin facilitates sale of 5206 Wind River

5206 Wind River Rd.

Josh Hubka and Hilton Hunt, Jr. of NAI REOC Austin represented the sale of 5206 Wind River, a 1,508 square-foot office building located at Hwy 183 & Duval.  John W. McCormick, O.D. purchased the property.

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NAI REOC Austin represents sale of Cedar Park tract

Kurt VanderMeulen and Josh Hubka of NAI REOC Austin represented the sale of 20.45 acres located on Abbotsbury Drive situated northwest of Volente Road (FM 2769) in Cedar Park.  Scott Muller purchased the property.

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KBS REIT buys Las Cimas IV in SW Austin

Las Cimas IV

The KBS Real Estate Investment Trust III has bought Las Cimas IV in Southwest Austin.  The 138,008-square-foot office building is in the Las Cimas office park, eight miles from downtown.  California-based KBS REIT III will pay $35.9 million plus closing costs for the property, according to the U.S. Securities and Exchange Commission.

Click to read full article:  KBS REIT buys Las Cimas IV in SW Austin (Austin Business Journal, 11-1-11)

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Austin firm acquires 3 high-profile downtown buildings

Courtesy American-Statesman

An Austin-based firm that specializes in acquiring “undervalued real estate assets” confirmed Friday that it has purchased three high-profile downtown area properties.  World Class Capital Group, led by President and CEO Nate Paul, is the new owner of the La Zona Rosa building, as well as buildings that housed a pair of now-closed restaurants, Spaghetti Warehouse and Katz’s Deli.

Click to read full article: Austin firm acquires 3 high-profile downtown buildings (Austin American-Statesman, 10-28-11)

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1890 Ranch in Cedar Park bought for $97.6M

The 1890 Ranch shopping center in Cedar Park has been acquired for $97.6 million in a joint venture by Illinois-based Inland Western Retail Real Estate Trust Inc. and Canada-based RioCan Real Estate Investment Trust.  The 486,896-square-foot shopping center, located near U.S. Highway 183A and FM 1431, is anchored by Academy Sports, Cinemark, PetSmart, Ross Dress for Less and Super Target.

Click to read entire article: 1890 Ranch in Cedar Park bought for $97.6M (Austin Business Journal, Austin Blogs, 10-24-11)

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KBS REIT buys Domain Gateway in Austin

Domain Gateway

California-based KBS Real Estate Investment Trust III, a unit of KBS Capital Advisors LLC, has completed its purchase of Domain Gateway, a 173,962-square-foot office building in Northwest Austin.

It’s one of the largest local office buys this year. The five-floor building was under contract for $48 million, according to Co-Star Realty Information Inc.

Click to read full article: KBS REIT buys Domain Gateway in Austin (Austin Business Journal, 10-3-11)

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Tech Ridge Center bought by Regency Centers

Tech Ridge Shopping Center

Tech Ridge Center, a neighborhood shopping center in North Austin, was sold to Jacksonville, Fla.-based Regency Centers Corp. on Sept 26…

…The 187,529-square-foot shopping center, at I-35 and Parmer Lane, is anchored by an HEB  store… …Read Entire Post

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